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Thank you very much, I see what you are saying. One more point that could prop up the market is talk about 100bn facebook ipo. All this, especially the end of day spikes can easily put me out of the position, even if ES ends below 1180 sometime during the week. Thanks for heads up again...

its a long term position, i think i might keep it till end of week :) Looking for 20-40 points on this trade, might touch it to book profits ealier, but won't touch it unless stopped. Basic premise is, I think we will go down, and I am willing to bet on this premise - especially since after...

short 1196, stop 1210, target way below!!

no problems here Daal. However yesterday i didnt get data from 'cusfuture' farm for around 4-6 hours. Since I wasn't trading it, i didnt bother and it got sorted out by itself. I think probably i also closed and re-opened TWS....maybe it helped not sure.

not happy with short euraud now, closed it.....seems market is going to sell-off if that happens euraud might go up instead..... Now i have a short aud bias and have put on a small short AUD position as a start. Would have been smarter had i put it around 1.0070. but then everyone is genius...

I thought the rally was caused by Australia being raised to AAA by Fitch. Do you know if there was any other reason for that rally ? Btw, you are a master of sarcasm ...haha edit: it was italy's auctions going through and not failing, i see. Goes to show how much the market wants to...

nice trade ammo.price just exploded after you booked the pl. good one.

closed the position at 1.0030, was thinking of closing after initial runup at 1.0070, but images of bigger profits stopped me. Disappointed but well, at least not a losing trade. Now, short EURAUD - still want to have a long AUD position but not directly against dollar.

WowWwwwwwww!!! Finally some good news amid all this ratings downgrade everywhere else. Long aud at 0.999, target 1.02-1.04 ??

Thanks, I mostly agree that it generally works, and I should be alert about it. I remember you catched developing H&S this time very well. I am sceptical however about the H&S working intra-day, but then how much do i know. On another note, I am certain that double tops and triple...

I have heard this before - accumulation and distribution. What does it mean? Which part of a H&S formation points to accumulation and which part to distribution. Is there any 'good' reference for this ? Thanks ammo. Edit: Also this accu and dist is being done by whom ? Real money...

same here, i still want to have a short bias, one thing that supports short bias is that euro hasn't come back as strongly as ES in last few minutes. But I am going flat for the day. Will see tomorrow and then act.

Thanks for the link on 2nd gap rule...very interesting actually. Yes I see that IHS on the chart. Thanks for that as well. In future I will be on lookout for such patterns. However, unless I test these pattern's effectiveness, I find it hard to take a trade on it. But yes I agree with the...

Its not a bad analysis at all. Why not go back and look at all your trades in the last 3 months (on first attempt - make it simple, look at all of them together, without breaking them down for different setups)....and see at what point putting profit target would have maximized your gains. Then...

I don't know but let me guess about it. Someone is either testing a new algo in the hft space and its going wrong in its risk management so its selling incredibly fast at 4pm. Remember infineon CL algo gone bonkers. Other than that the price action says that it has to do with some kind of...

without some news its not going to happen. And if it does happen, I will become more humble and more aware of my own limitations :)

Will we dump again at 4 o clock today like we have been dumping for last 3 days ??

nice trade!! I am still holding my short though

As I see It: I was expecting an upward correction in indices for last 2 days of last week - but didn't occur - instead market was selling relentlessly after rallying for 8-10 points intraday. After 7 down days in a row and especially after 3 down gaps in a row, a rebound was very much to be...

Alright thanks for your observation. Btw, Lawrence, just as a curiosity where did you work (not asking for name, but just whether it was a bank/MM operation/hf and in what role - algo trader/quant developer etc.) before you started your own firm. Thanks.